I have no interest in doing it myself. With the heavy incorporation of electronics, the risk reward is too great for me but I'd like to hear input from others.
The stat in the attached was a surprise to me. I assumed most flood cars were scrapped for mechanical parts and didn't realize half of them are back out on the road.

https://www.edmunds.com/car-buying/h...maged-car.html

 

https://www.jaguarforums.com/forum/x...ed-xkr-100475/

 

Flooded car is only good for turning it into a track car - you have to gut the interior anyways, you likely want your own controllers, and you don't care that water damage will lead to rusting as it isn't about looks.

If you actually want to turn it into a daily driver - no way. Too expensive to sort it all out.

 

Whoops - never mind.

 

I would buy one in a heartbeat if I had a wrecked parts car that needed a body swap or knew where one was. The aluminum X150 isn't going to rust and the steel suspension mounts will be fine. Depending on the condition of the power train it might be an interior and electronics swap and see what happens. At the very least I'd pickle the engine and maybe the trans if it has a top vent. I think the rear is sealed but at worst it would be pop the back off and give it a looksie before adding new fluids. Fuel tank might be an issue but a lot of it depends on how long the car was submerged.

 

I have little mechanical skills and even less tools.